Transocean Inc (RIG) Stock Overview

Judith Bessette
Agosto 17, 2017

From the start of year 2017 to present date RIG reported slumped performance of -43.08%. Zacks Investment Research raised shares of Transocean from a "hold" rating to a "buy" rating and set a $9.50 price objective for the company in a research note on Wednesday, August 2nd. Deutsche Bank AG lowered their price target on Transocean from $8.00 to $7.00 and set a "hold" rating on the stock in a research report on Tuesday, April 18th.

Transocean Ltd. (NYSE:RIG)'s stock had its "hold" rating reiterated by investment analysts at Jefferies Group LLC in a research report issued to clients and investors on Tuesday, July 18th. Finally, Barclays PLC boosted their price target on Transocean from $8.00 to $10.00 and gave the company an "underweight" rating in a report on Monday, May 1st. The analyst recommendations from a month ago are 0 Buy, 3 Strong Buy, 2 Sell, 3 Hold and 9. The stock now has an average rating of "Hold" and an average target price of $12.73. According to the above information, we will evaluate the Market Cap of these two stock First, Transocean LTD (NYSE:RIG) has a market capitalization of $3.27 Billion and the Opko Health Inc. Public Employees Retirement Association of Colorado now owns 12,340 shares of the offshore drilling services provider's stock valued at $102,000 after buying an additional 1,394 shares during the period. Evercore ISI's target price suggests a potential upside of 116.35% from the stock's previous close.

The stock of Transocean LTD (NYSE:RIG) hit a new 52-week low and has $7.20 target or 5.00% below today's $7.58 share price.

Transocean Ltd. (RIG) closed -27.56% below its 200-day moving average and is -1.18% below another chart threshold, its 50-day moving average. Transocean has a 1-year low of $7.55 and a 1-year high of $16.66. The most recent short interest data show 16.68% of the company's stock are short sold. Federated Investors Inc. PA purchased a new position in shares of Transocean during the fourth quarter valued at approximately $101,000. State Treasurer State of MI boosted its position in shares of Transocean by 0.4% in the first quarter. Creative Planning increased its stake in Transocean by 3.0% in the first quarter. Mason Street Advisors LLC now owns 53,796 shares of the offshore drilling services provider's stock worth $670,000 after buying an additional 542 shares during the last quarter. Cibc World Markets Corp now owns 40,648 shares of the offshore drilling services provider's stock valued at $506,000 after buying an additional 13,893 shares during the period. Capstone Asset Management Co. raised its position in shares of Transocean by 12.7% in the first quarter. Moreover, Bkd Wealth Advsrs Ltd has 0.03% invested in Transocean LTD (NYSE:RIG) for 14,944 shares.

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He and Transocean CEO Jeremy Thigpen said the combined company would grow and gain market share just as the industry is showing early signs of recovery.

ILLEGAL ACTIVITY WARNING: "Transocean Ltd. (NYSE:RIG) Debt Trading 2.3% Higher" was posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. The company's stock had a trading volume of 45,485,933 shares. If you are accessing this story on another website, it was stolen and republished in violation of United States & worldwide copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.com-unik.info/2017/08/15/transocean-ltd-rig-stake-held-by-fruth-investment-management-updated-updated-updated.html. Institutional investors own 69.31% of the company's stock. The Company's primary business is to contract its drilling rigs, related equipment and work crews on a dayrate basis to drill oil and gas wells.

The combined company will possess 51 mobile offshore drilling units following the completion of the transaction, including 30 ultra-deepwater floaters, 11 harsh environment floaters, three deepwater floaters and seven midwater floaters.

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